Stirling Properties Welcomes Mike Rayburn as Sales & Leasing Executive
Stirling Properties commercial real estate company is pleased to welcome Mike Rayburn as Sales & Leasing Executive for its Commercial Brokerage Division. He will work from the company’s Baton Rouge office located at 8550 United Plaza Boulevard, Suite 303. This marks Rayburn’s second stint with Stirling Properties, having worked for the company from 1988 to 1994.
Rayburn brings more than 30 years of successful commercial real estate experience with various transaction types, including the sales and leasing of retail and office properties, new developments and redeveloped properties.
He has extensive capability working in a transactional and advisory capacity for a broad range of national, regional and local clients, private portfolio owners and managers, and investors.
From market research and site selection to identifying opportunities and value-add for problem properties, Rayburn has a strong background in forecasting goals, strategy development, and implementation necessary to grow and maintain revenue stream and asset life for clients.
Prior to joining Stirling Properties, Rayburn served as Senior Leasing Representative with Commercial Properties Realty Trust in Baton Rouge, the for-profit arm of Baton Rouge Area Foundation (BRAF). In this role, he worked on commercial real estate ventures that created long-term value and impact for the Capitol Region. He was part of the team that facilitated notable revitalization projects such as Bon Carré retail redevelopment, Acadian Village—home of Louisiana’s first Trader Joe’s, the Hilton Capitol Center, and the IBM Service Center, just to name a few.
Rayburn is an active member in the Commercial Investment Division (CID) of the Greater Baton Rouge Association of Realtors and the International Council of Shopping Centers (ICSC).
Mike Rayburn can be reached at (225) 329-0277 or mrayburn@stirlingprop.com.
Club 4 Fitness continues to flex its muscle across the Gulf South
Club 4 Fitness continues a rapid expansion effort across the Gulf South region with the addition of four new locations in Alabama and Louisiana. Justin Toomey, Broker Associate with Stirling Properties, and Kenneth Herring, Broker with Kerioth Corporation, worked with the all-inclusive fitness facility to identify and secure the latest retail locations.
Club 4 Fitness will occupy 47,061 square feet of retail space in McGregor Square located at 3930 Airport Blvd in Mobile, Alabama, and plans to open in the second quarter of 2019. Buff Teague and Leigh Dale Younce with JLL represented the landlord at McGregor Square.
The Club is also leasing 26,500 square feet of space in Wildwood Center located at 265 Lakeshore Parkway and 30,187 square feet at Brook Highland Plaza in Birmingham, Alabama, as well as 33,387 square feet at Country Club Plaza in Slidell, Louisiana. These three locations are expected to open in the fourth quarter of 2019 or early 2020.
The company currently has 14 fitness facilities operating or coming soon throughout Louisiana, Mississippi and Alabama, with more on the way. Plans are in place for an aggressive expansion effort across the southeastern region over the next few years.
“Stirling Properties is proud to work with Club 4 Fitness to bring its quality fitness concept to our local markets in the Gulf South,” said Toomey. “As consumers continue to prioritize health, the fitness industry is growing faster than it has ever before—a trend creating significant opportunity for the commercial real estate sector and property owners trying to backfill empty retail space.”
Fitness and health clubs have morphed into a more than $30-billion-a-year industry in the U.S., with growth by at least 3-4% annually for the last ten years. According to research, there are currently more than 36,000 health and fitness facilities across the country boasting more than 60 million members.
Spending in health clubs is growing
(Compiled data from ICSC)
“We anticipate these numbers to grow even more—possibly double over the next 10-15 years—further signifying a very successful future for Club 4 Fitness and other fitness facilities,” said Toomey.
For leasing information, contact Justin Toomey at jbtoomey@stirlingprop.com or (251) 342-7229.
Demolition Underway at Hammond Square
Making way for exciting new developments for the retail center.
(Image: Proposed rendering of redeveloped Sears space at Hammond Square)
Stirling Properties commercial real estate company announced that demolition is underway at Hammond Square shopping center in Hammond, Louisiana, to make way for an estimated $15 million redevelopment project, and the addition of 4-5 new tenants and restaurants.
The recent store closures of Sears and Rite Aid at Hammond Square presented an opportunity to refresh the development and replace these stores with roughly 90,000 square feet of new retail and restaurant space, which will be complementary to the existing tenant mix and attractive to customers. Both buildings will be demolished and the newly constructed buildings will be reconfigured to face either I-12 or Hwy. 51.
Demolition work commenced in early March and construction on the new space will begin immediately after. The redevelopment is expected to be complete in early 2020. Stirling Properties’ leasing team is currently in conversations with several regional and national retail tenants and restaurants that are interested in the redevelopment.
Also new to Hammond Square, Old Navy is still on track to open this spring. Buildout and expansion of the store are currently underway, and the company has begun hiring employment. Old Navy will occupy 12,500 square feet of space on Palace Drive between Zales and Shoe Dept. Encore.
(Image: Progress on Old Navy store coming soon to Hammond Square)
“Stirling Properties is thrilled about the positive growth of Hammond Square. With the recent closures of Sears and Rite Aid, we are looking forward to this redevelopment and welcoming new tenants and restaurants to the center. We are in negotiations with several high-quality, well-known retailers that will make a great addition to the Hammond market. We hope to make those public announcements very soon,” said Grady Brame, Executive Vice President with Stirling Properties.
Hammond Square is Tangipahoa Parish’s premier shopping destination, located on approximately 100 acres at the northwest corner of Interstate 12 and US Highway 51 Business (SW Railroad Avenue) in Hammond, Louisiana. It is the 2nd largest open-air center in Louisiana encompassing over 902,000-square-feet of more than 40 national and local retailers, shops and restaurants, including Dillard’s, Target, The Home Depot, JCPenney, Academy Sports+Outdoors and AMC Theatres. Stirling Properties redeveloped Hammond Square and currently manages and leases the center.
For more information on Hammond Square, visit www.hammondsquare.com or facebook.com/hammondsquare. For leasing and sales information, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Spring On Over To Hammond Square!
Spring is in the air—come celebrate at Hammond Square. Join us for the Spring at the Square celebration at Hammond Square on Saturday, March 30th from 12:00-2:00pm. The festivities will take place near the Dillard’s entrance located next to Maurices. This FREE event is open to the public and fun for the whole family!
Come out and meet the Easter Bunny. Guests will also enjoy pony rides, a petting zoo, face painting, art station, balloon and caricature artists, and a live radio remote with great prizes from Kajun 107.1.
Hammond Square is a proud sponsor of The Daily Star’s Easter Coloring Contest for children ages 7-10 years old. Complete your coloring sheet and bring in to The Daily Star by Friday, April 12th at 3:00pm to be eligible to win a great prize pack from Hammond Square.
We hope to see you at Spring at the Square. Be sure to check out all the great retail stores and restaurants at Hammond Square for your Easter and spring supplies.
Visit HammondSquare.com or “like” us on facebook.com/hammondsquare for a complete list of retailers and events.
Exciting Residential Improvements Coming to River Chase & Fremaux Town Center Multifamily Properties
Stirling Properties announces exciting new residential improvements planned for the Retreat at River Chase in Covington and Retreat at Fremaux Town Center in Slidell’s multifamily apartment communities. The $1 million upgrades will be spread across both properties with an emphasis on enhanced residential amenities and revitalized common spaces.
Retreat at River Chase in Covington, Louisiana
Construction work has begun on the installation of state-of-the-art seafood and grill stations. Large pavilions will be erected and equipped with grills, seafood boil space, and granite counter tops with built-in waste receptacles for discarded seafood shells. The space will also include lounge areas with fire pits and yard games. The pool area will be upgraded to include a more resort-style setting with furniture, landscaping and pull-down projection screens to watch sporting events. All amenities will be accessible for residents of the properties on a first come, first served basis.
Additionally, parcel pending lockers, also known as “smart” lockers, will be installed in central areas of the facilities to collect delivered packages and e-commerce orders for residents. A property manager will receive all deliveries, assign the packages to an individual lockbox that alerts tenants of the delivery and provides a digital access code for easy, convenient retrieval. The lockers are designed to eliminate clutter due to the overwhelming amount of daily delivered packages to residential properties and to provide an extra layer of security for parcels otherwise left unattended on doorsteps.
Work has already commenced on the projects, and anticipated completion is planned for the end of March.
Retreat at Fremaux Town Center in Slidell, Louisiana
Justin Landry, Vice President of Finance for Stirling Properties, noted that the demand for high-quality apartment properties continues to be strong, especially in high population growth areas such as St. Tammany Parish and the Northshore region of New Orleans. However, demographic shifts and technological advancements are affecting housing, and tenant expectations are becoming increasingly sophisticated in the multifamily residential market sector—they want luxury living, ample amenities, open and active public spaces, all at affordable prices.
“The Retreat at River Chase and Retreat at Fremaux Town Center are both strategically located in mixed-use developments that encompass the prevalent live, work, play environment that has grown in popularity, especially among the large millennial demographics,” said Landry. “These new residential amenities will enhance the community connectivity of our existing properties and make them much more attractive in the market as new multifamily options come online every day.”
The Retreat at River Chase (formerly Springs at River Chase) is a 296-unit luxury apartment community located within the 253-acre River Chase mixed-use development at Interstate 12 and LA Hwy. 21 in Covington, Louisiana. The Retreat at Fremaux Town Center (formerly Springs at Fremaux Town Center) is also a 296-unit multifamily community located within the Fremaux Town Center mixed-use project at Interstate 10 and Fremaux Avenue in Slidell, Louisiana. Stirling Properties’ residential portfolio includes 1800 multifamily units totaling more than 1.5 million square feet of properties throughout South Louisiana.
Stirling Properties Awarded Management Contract of Schillinger Place
Renovations & exterior updates planned for the retail center.
Stirling Properties commercial real estate company has been awarded the management contract for Schillinger Place shopping center located at 2502 South Schillinger Road in Mobile, Alabama.
Stirling Properties previously handled the leasing for the center and will now assume daily operations and management responsibilities of the property. Angie McArthur, Broker Associate with Stirling Properties, is the leasing agent assigned to the project.
Schillinger Place is a roughly 69,000-square-foot neighborhood retail center located at the southwest corner of Schillinger Road and Cottage Hill Road. It is 70% leased. Tenants include Club 4 Fitness (coming soon), Pizza Hut, Mediterranean Sandwich Co., Port City MMA, New China One, Mediacom, Down South Native, Zeal Boutique, Vape-It, West Mobile Liquors, Brian Casey State Farm and Nail Express.
Planned landlord updates to the shopping center include renovated exterior façade offering a distinct and eye-catching entry, upgraded lighting, and parking lot sealing and striping. The former Winn-Dixie space is being sub-divided into two retail areas. Club 4 Fitness will occupy 30,000 square feet and plans to open in the spring; the remaining 22,181 square feet is available for lease.
Stirling Properties is located at One St. Louis Centre, 1 St. Louis Street, Suite 4100 in Mobile, Alabama, and 220 West Garden St., Suite 802 in Pensacola, Florida. The company manages more than 20 million square feet of commercial property across the Gulf South region, including office, retail, industrial, medical, multifamily and mixed-use real estate assets.
For leasing information, contact Angie McArthur at amcarthur@stirlingprop.com or (251) 375-2481.
For asset & property management information, please contact Robin Hayles at rhayles@stirlingprop.com or (251) 342-7229.
Open House – Saturday, August 3rd, for Arabella at Dutchtown […]
